expected bitcoin price crash today

[2ds]

It's already started

http://betabeat.com/2013/05/departm...huts-down-dwolla-payments-to-and-from-mt-gox/

Might be a buying opportunity for those with funds in the right place.

 

[Altima]

Wow. Department of Homeland Security?!

 

[2ds]

hmm official mt gox press release suggests this may be something else entirely. price is rebounding...

 

[goldpelican]

Plenty of speculation. Essentially DHS has seized the funds in Mt Gox's Dwolla account - which is a payment service provider (i.e. a PayPal competitor), preventing Mt Gox from transferring USD to anyone.

 

[RetardedMonkey]

MANIPULATION!

 

[RetardedMonkey]

Oh whoops, sorry, not in the Silver sub-forum.

 

[2ds]

the price dropped quite sharply and there were a lot of sells from about 115 to 105, I'm surprised the price has held so well..

 

[pro$pector]

So should we expect another crash tomorrow?

No, - I don't think so, this news first broke while the US was still awake so they had time to react.

If anything it will encourage more BTC buying (and hoarding) I think, once again it's fiat dollars being threatened.

 

[2ds]

http://arstechnica.com/tech-policy/...he-search-warrant-that-seized-mt-gox-account/ more information, looks like DHS is actually going after mt gox

 

[pro$pector]

http://arstechnica.com/tech-policy/...he-search-warrant-that-seized-mt-gox-account/ more information, looks like DHS is actually going after mt gox

Let's hope another decent exchange springs up asap then - Mt Gox is terrible anyway (glad I don't have any AUD or BTC left in there).

Pretty sure the Bitcoin 2013 conference is on very soon, might be some kind of announcement then...

 

[spannermonkey]

:lol:
Aaaahhh your all mad I tell you
End of rant

 

[pro$pector]

Personally I think most people are past the point of thinking no Mt Gox equals chaos.

BTC is going to do just fine, with or without Mt Gox.

I lose no sleep holding BTC at around $110.

 

[Argent47]

Personally I think most people are past the point of thinking no Mt Gox equals chaos.

BTC is going to do just fine, with or without Mt Gox.

I lose no sleep holding BTC at around $110.

I have heard that Bitcoin is in a spiral downtrend to $25 within 6 months.

 

[pro$pector]

I have heard that Bitcoin is in a spiral downtrend to $25 within 6 months.

Oh sweet, so still up 150% for the year? :lol:

 

[wrcmad]

I have heard that Bitcoin is in a spiral downtrend to $25 within 6 months.

Oh sweet, so still up 150% for the year? :lol:

That'll be up 400% for me. Sweet!

What price are you guys waiting for?
I'd be taking it off the table now.

 

[pro$pector]

What price are you guys waiting for?
I'd be taking it off the table now.

I took a large plate off the table at $247 AUD.

I just hold a small plate now, and it's not as a speculative investment - it's as a core long term holding.

 

[wrcmad]

What price are you guys waiting for?
I'd be taking it off the table now.

I took a large plate off the table at $247 AUD.

I just hold a small plate now, and it's not as a speculative investment - it's as a core long term holding.

Nice.

 

[RetardedMonkey]

What price are you guys waiting for?
I'd be taking it off the table now.

Initial investments taken out.
Almost ready to take out dollars to cover mining costs.

Rest will just be left for speculation purposes, have a little fun.